Last year Thomson Inc's earnings per share were $3.50, and its growth rate during the prior 5
years was 5.6% per year. If that growth rate were maintained, how many years would it take for
Thomson's EPS to triple? (Note: EPS is calculated annually.)
a. 23 years
b. 25 years
c. 21 years
d. 15 years
e. 22 years